Income Inequity Measurement

Income inequality measurement is one of the major instruments of macroeconomic policy makers all over the world. It has been used for more than two centuries now for the purpose of economic planning and forecasting. It has been defined as the difference between the income of a rich person and that of an average one. Income inequality can be measured in many ways, depending on the country, the type of analysis being done and the preferences of the different parties involved in the analysis. There are two general methods of income inequality measurement: the microlevel and the macrolevel. Microlevel measurement of income inequality is done at the level of individuals and families. In this method, there is no special reference to a given group or category, as such. Rather, each…
Read More

Income Inequity and Obesity

If you are looking for ways to measure income inequality, there are three approaches that are popular with scholars. The first two come from the political science literature. The third comes from the economics literature. In this post, we explore the idea that income inequality can be measured using macroeconomic variables and micro economic indicators. Economic theorists usually measure income inequality using macroeconomic tools. These include national income accounts, national income estimates from private enterprise, and national health estimates from Statistics Canada. These examples support the view that it's important to study the robustness of this income inequality concept using a range of macroeconomic indicators. Also, using a range of macroeconomic variables allows for more meaningful examination of the pathogenic potential impacts of gaps in the income spectrum across the…
Read More
Board Room Economics – A Guide To Improve Your Business

Board Room Economics – A Guide To Improve Your Business

Board Room Economics is a book which is very helpful in providing a macroeconomic perspective and helping the directors to make a good decision in the economic arena. The book focuses on a specific group of companies, which make it important to understand the dynamics of the economic cycle.   Most of the companies today make use of the services of accounting firms. Companies are also taking help of economists for better management of their affairs. A proper understanding of economics and its macroscopic perspective can be achieved only when an in-depth knowledge of the business cycle is acquired.   A basic knowledge about economics and its macroscopic perspective can help in forecasting the future economic conditions of a particular company. This would give a clear picture of what the…
Read More
The way different approaches are affefecting to macroeconomic perspectives

The way different approaches are affefecting to macroeconomic perspectives

Different MacroEconomic Perspectives This might be called the macroeconomic perspective of the underlying economic laws, as well as the macro outlook of the fundamental laws of economics all of which are usually associated with those who work on the microeconomic side of the economy. It is essential to understand what these perspectives are and why they differ. This helps to explain why there are many different macroeconomic theories. One of the most critical macroeconomic perspectives is known as the Phillips curve. It is a concept from business economics. The idea is simple enough to explain; it is based on how the cost of goods tends to increase. For example, if oil prices rise, then so does the price of gasoline. Another popular macroeconomic perspective is known as the macro perspective…
Read More